Hello once again you better informed than I am people. I once again need some advice.
Our commercial property lease which is a non assignable lease is coming up for renewal. The tenant has indicated that he wishes to renew the lease despite trying in vain to sell the buisness for a number of years without success and suspect he wishes a renaewal for a means to an end. In order to renew the lease do we need to instruct a solicitor or can we just go ahead by issuing a section 25 notice and continue as before. If the latter being the case, would we be able to negotiate new terms and conditions including a rental increase?
Hope this makes sense and thank in anticipation of your reply.